2012 US Code
Title 25 - Indians
Chapter 14 - MISCELLANEOUS (§§ 441 - 1300n-6)
Subchapter LXI - CONFEDERATED (§§ 1191 - 1195)
Section 1195 - Disposition of funds withheld from per capita distribution
Publication Title | United States Code, 2012 Edition, Title 25 - INDIANS |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 25 - INDIANS CHAPTER 14 - MISCELLANEOUS SUBCHAPTER LXI - CONFEDERATED Sec. 1195 - Disposition of funds withheld from per capita distribution |
Contains | section 1195 |
Date | 2012 |
Laws in Effect as of Date | January 15, 2013 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 91-259, §5, May 21, 1970, 84 Stat. 254. |
Statutes at Large Reference | 84 Stat. 254 |
Public Law Reference | Public Law 91-259 |
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The $200,000 withheld from per capita distribution pursuant to section 1191 of this title shall be invested or placed in trust with an institutional trustee by the Secretary of the Interior, under terms and conditions approved by the tribal governing body. The income from the investment or trust, together with such invasions of the principal or trust corpus as the Secretary deems desirable, shall be used for the education of members of the tribe until such time as the tribal governing body, with the approval of the Secretary, determines that the funds should be used in some other manner.
(Pub. L. 91–259, §5, May 21, 1970, 84 Stat. 254.)
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